COMPANY NEWS: AGL Resources and Nicor has announced a definitive merger agreement this morning.

Market news

7 December 2010

COMPANY NEWS: AGL Resources and Nicor has announced a definitive merger agreement this morning.

Nicor will merge with a subsidiary of AGL Resources in a transaction with an enterprise value of $3.1 bln, including a total equity value of $2.4 bln. The combined entity will have an enterprise value of $8.6 bln.

Barclays "continue to expect GDP growth to pick up modestly in Q4, although the overall pace of recovery, particularly in the labor market, remains mild relative to previous periods following deep recessions."

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